Recent Market DevelopmentsSo. Cal real estate market is undergoing a change currently as inventory begins to build. We are no longer seeing multiple offers on properties as we did a few months ago and buyers have more leverage in the market currently. We are also seeing a stabilization in prices. Prices have ceased to increase and are currently flat. I do not expect to see an increase until next spring and that will depend on how the overall market is doing at that time. I don't foresee a rise in pricing for anytime in the near future. Buyers will benefit buying at this time with interest rates still low and sellers will benefit if they sell soon before we see an even larger inventory over time which will push prices lower. The exception to the above as always is beach properties. So. Cal beaches are always in high demand and this area defies the normal market. Although we saw a drop in prices months ago as they dropped everywhere due to foreclosure and short sale activity, they are on the rise again. If you are looking for a property in this area get your offer in sooner rather than later. These properties sell quickly and are in high demand. If you are listing keep your price realistic.October 30 2013 - Los Angeles00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.